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Lock's Cable Corner

  • #481
  • Sep 28, 2016 3:11am Sep 28, 2016 3:11am
Quoting Wdfx
{quote} Hi Dr. It is so easy to get frustrated with this market, ... Trade safe
I do not understand this volatility in C period. Anyhow, let's see C close.
Now the test below Tokyo it's fine.

PS: I was short but this strange C force me to close it. I always close a position on spike actions. I'm sorry for his long, it was a licit one but it's a very risky environment.

PPS: now both B and C period highs are at half back (dynamic half back continues to change location obviously any time the range increases)
Ubi maior minor cessat
  • #482
  • Sep 28, 2016 3:15am Sep 28, 2016 3:15am
Quoting Wdfx
{quote} Hi Dr. It is so easy to get frustrated with this market, ... Trade safe
I am already
S/L is hit


Best
D.P.

P.S. I need my daily 3%
Hunting High and Low
  • #483
  • Edited 4:05am Sep 28, 2016 3:50am | Edited 4:05am
Now B and C periods both closed inside yesterday range, so we have acceptation of it. At the same time B, C and even D periods have their respective highs at half back (3018, 3011 and 30055). And 3018 is also GB open. Also price is currently up and down Tokyo low at 29905. Now, if D will be an inside bar of C we could have a breakout from it with E period.

Note: USDX attempted a break out above 95.68 and failed once. If this failure will be confirmed we have a lot to do downside (in USDX).

Note2: consider that nor C nor D closed below yesterday GB unchanged at 29884. So current value is building above yesterday value even if price is going down..
Ubi maior minor cessat
  • #484
  • Sep 28, 2016 4:01am Sep 28, 2016 4:01am
Quoting Lock
Now B and C periods both closed inside yesterday range, so we have acceptation of it. At the same time B, C and even D periods have their respective highs at half back (3018, 3011 and 30055). And 3018 is also GB open. Also price is currently up and down Tokyo low at 29905. Now, if D will be an inside bar of C we could have a breakout from it with E period. Note: USDX attempted a break out above 95.68 and failed once. If this failure will be confirmed we have a lot to do downside (in USDX).
Yeah, it seems to go to 95,4 again

Best
D.P.
Hunting High and Low
  • #485
  • Edited 4:25am Sep 28, 2016 4:14am | Edited 4:25am
Quoting Lock
Now B and C periods both closed inside yesterday range, so we have acceptation of it. At the same time B, C and even D periods have their respective highs at half back (3018, 3011 and 30055). And 3018 is also GB open. Also price is currently up and down Tokyo low at 29905. Now, if D will be an inside bar of C we could have a breakout from it with E period. Note: USDX attempted a break out above 95.68 and failed once. If this failure will be confirmed we have a lot to do downside (in USDX). Note2: consider that nor C nor D closed below yesterday...

...also E period high at half back. D inside bar of C...
Also note that C period low is exactly at yesterday GB open (2980)
Ubi maior minor cessat
  • #486
  • Sep 28, 2016 4:30am Sep 28, 2016 4:30am
E period inside D period that is inside C period... watch out here..
Ubi maior minor cessat
  • #487
  • Sep 28, 2016 4:57am Sep 28, 2016 4:57am
What are expectations about news?

D.P.
Hunting High and Low
  • #488
  • Sep 28, 2016 5:07am Sep 28, 2016 5:07am
Quoting Dr.Phoenix
What are expectations about news? D.P.
I really don't know. This market has a lot of structural problems to solve so, in any case, I do not think a couple of speaches could solve the situation at once... Best L.
Ubi maior minor cessat
  • #489
  • Sep 28, 2016 5:15am Sep 28, 2016 5:15am
Quoting Lock
E period inside D period that is inside C period... watch out here..
In the meanwhile, please note that F period failed below E period balance and now G period high is at round 3000. Above we have B, C, D and even E highs that are all at their respective half back (3018, 3011 and 30055 ) Where E period high even tagged D period high at 30055 and B period high is also GB open...
Ubi maior minor cessat
  • #490
  • Sep 28, 2016 5:40am Sep 28, 2016 5:40am
Quoting Lock
{quote} I really don't know. This market has a lot of structural problems to solve so, in any case, I do not think a couple of speaches could solve the situation at once... Best L.
With that visible to be seen at markets, there would be the strong USD news suggestion. Just interesting to see.

Best
D.P.
Hunting High and Low
  • #491
  • Edited 6:25am Sep 28, 2016 6:05am | Edited 6:25am
A TEXTBOOK TRADE

What you have just seen is a perfect textbook trade. A not so common event in these days. So it's a pleasure to have the possibility to describe it here.

  1. GB session opened with a little gap higher, tested above Tokyo session high and started to liquidate. During the liquidation it left behind 3 weak references and then it started to balance.
  2. At this point in time I also noticed that nor C period nor D period closed below yesterday GB unchanged at 29884. So current value was building above yesterday value even if price was going down. And we trade value, not price.
  3. When E period was inside D period that was inside C period the balance was mature for a breakout. F attempted once below E period low and failed: when you got a failure in one direction the natural target is at the opposite side of the balance.
  4. And in fact F started to rally back inside E balance. Here is the textbook trade: a buy putting your structural stop right below the F period low. If it doesn'work your risk is little and, furthermore, you'll know if you are right or not very quickly.
  5. Now, F tags round 3000 and at this point in time we have 5 weak references in a row.
  6. G continued the rally tagging D and E highs making them extraordinary weak.
  7. H, eventually, made a little test at round 3000 and complete the work taking out C, D, E and G highs at once, finally tagging B. (I'm already out here because now the odds are not anymore in my favour or at least not as they were before)
  8. I period complete the job taking out both H and B highs.

11:05 +1 GMT

Quoting Lock
... B, C and even D periods have their respective highs at half back (3018, 3011 and 30055). And 3018 is also GB open. .. Note2: consider that nor C nor D closed below yesterday GB unchanged at 29884. So current value is building above yesterday value even if price is going down..
11:41
Quoting Lock
E period inside D period that is inside C period... watch out here..
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 60 KB

12:01
Quoting Lock
{quote} In the meanwhile, please note that F period failed below E period balance and now G period high is at round 3000. Above we have B, C, D and even E highs that are all at their respective half back (3018, 3011 and 30055 ) Where E period high even tagged D period high at 30055 and B period high is also GB open...
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 60 KB

12:57
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 57 KB

13:01
Attached Image (click to enlarge)
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Ubi maior minor cessat
  • #492
  • Edited 7:33am Sep 28, 2016 7:19am | Edited 7:33am
PreUS opened inside yesterday pit session range, only some pips below yesterday unchanged* (yesterday pit session close price 30207) so, as this reference's name suggests: nothing changed from yesterday yet and initial acceptation of yesterday range is expected.

*Note that A period already tagged it.

The first possible test could be at yesterday poor high (3026). References for following upcoming pit session (15:30 +1GMT open) are those posted in the early morning report.

I rewrite them here adding the new ones (US pit session refs only):

Above

  1. yesterday pit session poor high (3026)
  2. lower daily bracket high (30464)
  3. a double pass gap left by pit sessions (30464-3065 )

Below

  1. yesterday pit session m30 cluster ( a considerable number of m30 period lows at the same level 13008)
  2. preUS 09.26 poor low at 29233
  3. the double pass pit gap (28875-2902).

Ubi maior minor cessat
  • #493
  • Sep 28, 2016 7:35am Sep 28, 2016 7:35am
Quoting Lock
...The first possible test could be at yesterday poor high (3026). References for following upcoming pit session (15:30 +1GMT open) are those posted in the early morning report. .
As supposed the first test was at yesterday pit session poor high (3026) tagged by B period high (now it is weak)

Please note that GB unchanged was exactly at GB open.

Quoting Lock
{quote} As supposed the first test was at yesterday pit session poor high (3026) tagged by B period high (now it is weak) Please note that GB unchanged was exactly at GB open.
Second test at 3026 now tagging GB high at 30305.

Please note that if we will have a successful test above 3026 and specially above 30464, after the correction of the double pass pit gap 30464-3065, we have 3120 level to test.

15:21 +1GMT second preUS test above 3026 failed and now again up and down open price. (that is also the half back of the move down from 09.22 high)
Ubi maior minor cessat
  • #494
  • Sep 28, 2016 8:30am Sep 28, 2016 8:30am
15:30 +1GMT
Pit US opened inside its yesterday range some pips below its yesterday unchanged. Initial acceptation of it expected.
Ubi maior minor cessat
  • #495
  • Sep 28, 2016 8:41am Sep 28, 2016 8:41am
Quoting Lock
Above yesterday pit session poor high (3026) lower daily bracket high (30464) a double pass gap left by pit sessions (30464-3065 ) Below yesterday pit session m30 cluster ( a considerable number of m30 period lows at the same level 13008) preUS 09.26 poor low at 29233 the double pass pit gap (28875-2902).
Removed the yesterday pit session m30 cluster (a considerable number of m30 period lows at the same level 13008)

Now 3000 tagged by A period is weak.

15:46 Back to open...
Ubi maior minor cessat
  • #496
  • Sep 28, 2016 9:02am Sep 28, 2016 9:02am
3000 is now weak and poor as A B periods lows. And B inside bar of A for now. Also B high tags open price: very weak environment currently.
Ubi maior minor cessat
  • #497
  • Sep 28, 2016 9:10am Sep 28, 2016 9:10am
Quoting Lock
3000 is now weak and poor as A B periods lows. And B inside bar of A for now. Also B high tags open price: very weak environment currently.
16:10
3000 corrected.
Ubi maior minor cessat
  • #498
  • Sep 28, 2016 9:14am Sep 28, 2016 9:14am
News: it is all about nothing

D.P.
Hunting High and Low
  • #499
  • Sep 28, 2016 9:14am Sep 28, 2016 9:14am
It looks like it is liquidating yesterday short covering for now. Obviously for continuation downside we want at least to stay below GB low asap. Remember that liquidation and short covering are both old business, no new money selling or buying. So, for definition, they are weaker actions.
Ubi maior minor cessat
  • #500
  • Sep 28, 2016 9:25am Sep 28, 2016 9:25am
Quoting Dr.Phoenix
News: it is all about nothing D.P.

is it red become green?

moving so slow with that high impact news.... what is happening??
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